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They have been suffering ever since the 2008 financial crisis.

They have stuffed the dealerships full of inventory that they didn't want or need. Now they have massive lots full of vehicles they say don't have chips.

But that would normally result in the dealerships having depleted inventory. Are we able to see this shortage or are the dealers lots still packed full of cars and trucks?

What are you guys seeing at your local dealerships? Full or empty?!

It seems like the price of used cars is extremely high right now. Like people are buying used rather than new.

This looks like a coverup of the collapse of their sales imho. What say you guys?

They have been suffering ever since the 2008 financial crisis. They have stuffed the dealerships full of inventory that they didn't want or need. Now they have massive lots full of vehicles they say don't have chips. But that would normally result in the dealerships having depleted inventory. Are we able to see this shortage or are the dealers lots still packed full of cars and trucks? What are you guys seeing at your local dealerships? Full or empty?! It seems like the price of used cars is extremely high right now. Like people are buying used rather than new. This looks like a coverup of the collapse of their sales imho. What say you guys?

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[–] • 1 pt

I'm not seeing it where I live. I went to a car lot recently and the place as empty - no customers. Maybe it varies region to region. Then again, a shit ton of energy workers have lost their rig and mining jobs in my area. Not a very booming economy anymore.

[–] • 2 pts

Yes there are less customers. It's because they shop online and get quoted 5k over sticker and never show up. It's not regional, it's global. If there is any dealer in the entire US that can't find a buyer for their vehicles, they could sell them for MSRP to a dealer that will mark them up 5k OVER MSRP and make bank.

There is simply no supply and even scarier is no allocation. We only have 75 vehicles allocated to us for the next 2 months. We have 95 in stock. We sell 1000 vehicles in 2 months. So we are 830 vehicles short. That's why we have to charge more or we will all starve.

[–] • 0 pt

This is interesting. My local dealer is desperate to offload and my friend runs a dealership and he's not mentioned anything. Not in the US, so it'll be interesting if things change.